The U.S. Bankruptcy Court of the Northern District of Alabama (Birmingham) approved the sales of four separate Burger King stores owned by Premier Kings, which filed for Chapter 11 bankruptcy protection last fall. Aurora Management Partners operated the franchise in 2023.
The Baltimore Division of the District of Maryland of the U.S. Bankruptcy Court approved the sale of Tessemae’s to PANOS Brands. Tessemae’s filed for Chapter 11 bankruptcy protection on Feb. 1, 2023, with Aurora Management Partners appointed financial advisor to the debtors.
Premier Kings filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Northern District of Alabama, with David Baker, managing partner of Aurora Management Partners, appointed chief restructuring officer to the debtors.
Aurora Management Partners and David Baker, a managing director at the firm, were appointed as receiver in the U.S. District Court for the Northern District of Ohio for Davenport Aid Propco, et al.
Electronic Data Magnetics, a client of SC&H Capital, an investment bank specializing in M&A advisory, completed a going concern sale of its 38-year-old family-owned-and-operated manufacturing company to Paragon Group ID, a French société anonyme.
Turnaround and restructuring firm Aurora Management Partners hired four new team members — Andrew Blaesing, Matt Dossey, Peter “Che” Carrasquillo and Catherine Kendall — to further develop the company’s growing endeavors.
Xtant Medical Holdings entered into an amendment to its credit facility with OrbiMed Advisors for up to $15 million in financing to payoff SVB and for working capital.
Aurora Management Partners made staff additions and promotions in Atlanta, Cleveland and Charlotte, NC.
Scott Dwyer recently joined Aurora Management as associate director in the Cleveland office managing accounts in the Great Lakes region.
Wayne A. Tanner has joined Aurora Management Partners as managing director in the Atlanta office.